The Shahjibazar 100-megawatt power plant in Habiganj has remained non-operational for six years despite the payment of Tk 600 crore and multiple repair efforts. The plant, expected to supply around 2.4 million units of electricity daily worth Tk 2 crore, has delivered only Tk 34 crore worth of power during its test phase. The project, initiated by the Bangladesh Power Development Board (PDB) in 2017 at a cost of Tk 890 crore, was built by China Cable Corporation Engineering (CCCCE) using a General Electric LM-S100 gas turbine. It was scheduled to begin production in June 2020 but faced delays due to the COVID-19 pandemic.

After initial testing in 2021, the turbine blades broke, causing repeated shutdowns despite subsequent repairs and component replacements. The plant last operated briefly in early 2024 before another mechanical failure in April halted production again. PDB has paid about 70 percent of the total bill, withholding 10 percent as compensation until project completion. Officials said the government may take over operations if the contractor fails to meet obligations.

Discussions are ongoing between the Chinese and American firms for technical support, with a tentative plan to restart the plant by June 2027 if progress continues as planned.

A newly built guide wall along the Banshai River in Madhupur upazila of Tangail collapsed only 15 days after completion, raising fears that the adjacent road may also give way. The wall was constructed using cement and stone blocks under a palisading method to protect the road from river erosion. The incident occurred in Malkha village of Kuraliya Union. Locals blamed contractor corruption and poor engineering supervision for the failure.

According to project details, the 2.2-kilometer Chunia-Malkha road was approved in the 2021–2022 fiscal period with an estimated cost of about 21.4 million taka. The contract was awarded to M/s Mitu Traders of Jamalpur for nearly 19.9 million taka. After delays and the contractor’s disappearance, a sub-contractor named Lichu Mia resumed work early this year and completed it on April 30. Residents said low-quality materials were used despite their warnings.

Sub-contractor Lichu Mia attributed the collapse to untimely rainfall and water seeping under the blocks, promising repairs within days. The assistant engineer cited heavy rain as a possible cause, while the executive engineer declined comment without higher authorization.

A severe heatwave is sweeping across India’s Uttar Pradesh state, prompting the meteorological department to issue a red alert in ten districts. The affected areas include Banda, Chitrakoot, Kaushambi, Prayagraj, Fatehpur, Pratapgarh, Mirzapur, Varanasi, Bhadohi, and Jaunpur. Authorities have advised residents to avoid going outdoors unless absolutely necessary, as dangerously high temperatures are expected to persist throughout Friday.

An orange alert has been declared for 34 districts including Baghpat, Meerut, Ghaziabad, Hapur, Gautam Buddha Nagar, Bulandshahr, Aligarh, Mathura, and Agra, while 17 districts such as Lucknow, Ayodhya, Barabanki, Sitapur, and Lakhimpur Kheri are under a yellow alert. According to the India Meteorological Department (IMD), temperatures in eastern Uttar Pradesh may rise by another 2–3 degrees Celsius within the next 48 hours.

On Thursday, Banda recorded the state’s highest temperature at 47.6°C, followed by Prayagraj at 46.6°C and Varanasi (BHU) at 45.6°C. The IMD explained that yellow alerts indicate monitoring conditions, orange alerts warn of prolonged heat, and red alerts signal extreme danger to public health.

International oil prices increased again as negotiations between the United States and Iran over Tehran’s uranium stockpile and the Hormuz Strait remained deadlocked. According to an Al Jazeera report cited on May 22, 2026, investor uncertainty over the lack of progress in the talks contributed to the price surge. On Friday, the global benchmark Brent crude rose by 2.3 percent, or 2.38 dollars, reaching 104.96 dollars per barrel.

At the same time, the price of US West Texas Intermediate (WTI) crude increased by 1.8 percent, or 1.73 dollars, to 98.08 dollars per barrel. The rise followed a nearly 2 percent drop in both benchmarks on Thursday, which had brought prices to their lowest level in about two weeks.

The report indicates that the continuing diplomatic stalemate between Washington and Tehran is keeping investors cautious, with energy markets responding to the uncertainty surrounding the region and its potential impact on global oil supply routes.

In Chattogram, the price of open salt used for preserving raw hides has sharply increased ahead of Eid-ul-Azha, despite reports of sufficient stock. Traders said the price per 74-kg sack has risen from Tk 680–700 during the last Eid-ul-Fitr to Tk 930–950 now, an increase of Tk 200–250 per sack. They alleged that mill owners and business syndicates have artificially raised prices, creating difficulties for hide traders who rely heavily on salt for preservation.

According to the Bangladesh Small and Cottage Industries Corporation (BSCIC) Chattogram office, the district currently holds 8,670 tons of refined salt and 64,000 tons of crude salt, which is more than enough to meet the estimated 5,322-ton demand during the upcoming Eid. However, traders said the price hike is squeezing their profit margins, as tannery owners have not raised hide prices accordingly. Many wholesalers are reportedly winding up their businesses due to mounting losses and unpaid dues from Dhaka tanneries.

BSCIC officials said heavy rainfall has occasionally disrupted salt production, but there is no shortage in the market. The administration plans to monitor prices jointly with local authorities to prevent manipulation.

A recent nationwide survey has revealed that more than 90 percent of motorized vessels operating in Bangladesh are unregistered. Out of 244,660 motorized boats identified, only 22,298 are registered under the Department of Shipping. The findings, released on May 22, 2026, indicate that most vessels operate without approved designs, safety checks, or certified crews, posing serious safety and revenue concerns.

The survey, conducted by the Bangladesh Bureau of Statistics under the Department of Shipping’s project to build a vessel database, was carried out from May 4 to 17 across the country. It identified around 25 types of vessels, including cargo ships, passenger launches, speedboats, dredgers, and ferries. Experts warned that unapproved vessel construction and operation create significant safety risks and deprive the government of substantial revenue.

Officials noted that data collection is still ongoing in remote and hilly areas, suggesting the total number of vessels may increase slightly once the survey is complete.

The Indian rupee has depreciated significantly over the past year, losing about 10 percent of its value against the Bangladeshi taka and nearly 12 percent against the Pakistani rupee, according to a report by The Economic Times published on May 22, 2026. The rupee also hit a record low of 96.96 per US dollar last Wednesday. Analysts attribute the decline to global economic uncertainty, rising crude oil prices, and reduced foreign investment inflows.

Experts note that India’s heavy reliance on imported energy has made its currency vulnerable to oil price fluctuations. The ongoing stalemate in Iran–US peace talks and higher international bond yields have further driven investors away from emerging markets, putting additional pressure on the rupee. Economists warn that the depreciation could raise costs for overseas education, travel, imported goods, and international business transactions.

Analysts suggest that if import costs continue to outpace export earnings and foreign capital inflows, India’s current account deficit could deepen. The rupee’s short-term volatility is expected to persist as global geopolitical conditions, inflation, and investment trends evolve in the coming months.

A Chattogram financial loan court has issued a five-month civil imprisonment warrant against 11 individuals, including controversial industrialist Saiful Alam, also known as S Alam, for failing to repay a defaulted loan of about Tk 84.49 crore owed to Islami Bank. The order was delivered on Thursday by Judge Md Helal Uddin of Financial Loan Court-1, confirmed by the court’s bench assistant Md Ershad.

According to court sources, Islami Bank filed the case on January 20 of this year after the defendants failed to repay the loan. The bank later applied for a civil sentence under Section 34 of the Financial Loan Court Act, 2003, as no movable or immovable assets belonging to the defendants could be found and the loan remained unpaid. The court granted the application and issued the warrant.

The accused include S Alam, several family members, and associates linked to S Alam Group and Oji Travels Limited. Previous court orders had already frozen their bank accounts and seized properties amid multiple corruption and money laundering allegations during the former Awami League government.

Global gold prices declined as a stronger US dollar and rising Treasury yields weighed on the precious metal, while oil prices climbed due to stalled peace talks in the Middle East. As of 11:18 GMT on Thursday, spot gold dropped 0.6 percent to $4,517.94 per ounce, and US June gold futures fell 0.4 percent to $4,518.70. Analysts said inflation concerns and expectations of higher interest rates continued to weaken the gold market.

The ongoing Middle East tensions kept oil markets buoyant, with Brent crude rising nearly 3 percent to $107.4 per barrel. Iran stated it was reviewing Washington’s latest proposal, while US President Donald Trump said he could wait a few more days for Tehran’s response but left open the option of renewed strikes. Analysts noted that since the conflict began, gold prices have fallen more than 15 percent, while oil has gained amid energy-driven inflation fears.

Other precious metals also declined, with silver down 1.4 percent to $74.96 per ounce, platinum down 1 percent to $1,931.5, and palladium down 0.9 percent to $1,357.94.

Bangladesh’s Minister of Posts, Telecommunications and Information Technology, Fakir Mahbub Anam, announced that all digital services will be designed to ensure accessibility for persons with disabilities. Speaking on May 21, 2026, at an event marking Global Accessibility Awareness Day at the BIDA Auditorium in Agargaon, Dhaka, he said accessible websites and apps have already been developed so that no one is left behind. He emphasized that accessibility is a right, not charity, and that technology must align with human needs, abilities, and diversity.

The minister added that new technologies will help integrate persons with disabilities more actively into mainstream society, turning them into valuable assets for the nation. The ICT Division will take all necessary initiatives to ensure their dignified participation. State Minister for Social Welfare Farzana Sharmin said the government will fully support public and private initiatives promoting digital accessibility. ICT Division Secretary Kazi Anwar Hossain noted that Bangladesh’s digital progress will be complete only when every citizen can use digital services with dignity, freedom, and equality.

The event was attended by officials from a2i, Sightsavers, Friendship, and CRP, among others.

The Bangladesh Securities and Exchange Commission (BSEC) has imposed financial penalties on the chairmen, directors, and senior officials of three publicly listed companies for breaching securities laws. The decision was made at a commission meeting held on May 19, 2026, chaired by BSEC Chairman Khondkar Rashed Maksud, and announced through a press release on May 21.

Khan Brothers PP Woven Bag Industries was fined for providing false information in its audited financial statements for the fiscal year ending June 30, 2023. Its chairman, managing director, and three directors were each fined Tk 2.5 million, while the chief financial officer and company secretary received smaller fines. Genex Infosys faced penalties for failing to distribute a declared 3 percent cash dividend for the fiscal year ending June 30, 2024, within the stipulated time. Aftab Automobiles was ordered to pay outstanding dividends within 30 days or face additional fines, including daily penalties for delays.

The BSEC’s actions underscore its ongoing enforcement of compliance standards among listed companies to protect investors and ensure transparency in Bangladesh’s capital market.

Rajshahi University of Engineering and Technology’s (RUET) rover research and innovation team, Team Agrodut, has achieved 13th place globally in the Anatolian Rover Challenge 2026 (ARC 2026). The team also earned one of the highest design scores, securing 48.59 out of 50. The main phase of the competition will be held from July 29 to August 2 at the Middle East Technical University (METU) campus in Ankara, Turkey, where rover teams from around the world will participate.

Founded in 2017, Team Agrodut has consistently represented Bangladesh in international rover and space robotics competitions. It previously ranked sixth in the 2018 Indian Rover Challenge, 27th in the 2019 European Rover Challenge, and 11th globally in the 2023 International Rover Design Challenge, where it was Bangladesh’s top team. The group also reached the semifinals of IRDC 2025 and the finals of IRC 2025.

Beyond competitions, the team developed a bomb disposal robot for the Bangladesh Army in 2024, reflecting its practical engineering expertise. Team Agrodut aims to advance autonomous rover technology and inspire young innovators while preparing for future global contests.

Sri Lanka’s tea industry is facing a severe crisis as the Iran war drives up fuel prices and reduces global demand for exports. Tea workers in the Hatton region, such as Jasintha Malar from the Dunkeld estate, told Reuters they are struggling to cope with rising living costs. With cooking gas prices soaring, many families have turned to firewood, while declining exports have left workers in deep uncertainty.

According to the Export Development Board (EDB), Sri Lanka’s tea export earnings fell by 17.3 percent in March compared to the same month last year, dropping to 114.75 million dollars. Demand from Iraq, the country’s largest buyer, declined by 38 percent, while shipments to the United Arab Emirates plunged by about 93 percent due to maritime and logistics disruptions.

Dilhan Fernando, chairman and CEO of Dilmah Ceylon Tea Company PLC, said the industry has been absorbing rising costs for some time, but fuel and logistics expenses are now driving inflation across trade routes from Colombo to Dubai and beyond.

In Raiganj upazila of Sirajganj, allegations have surfaced that fertile triple-crop farmland is being illegally excavated for soil and pond digging without administrative permission. Locals have filed written complaints to the district commissioner, upazila executive officer, and agriculture officer, demanding immediate action to stop the activity. The disputed land lies beside a government road near the MR Dakhil Madrasa in Mozammarpur mouza under Chandikona Union.

Complainants stated that influential individuals are cutting and selling soil, causing waterlogging in nearby fields and endangering the adjacent government road and residential houses. Residents warned that continued excavation could damage the road, threaten homesteads, and reduce agricultural productivity, leading to financial losses for farmers and the state.

Upazila Agriculture Officer Md. Mominul Islam said the matter would be investigated on-site and coordinated with the administration to protect the farmland. Upazila Executive Officer Abdul Khalek Patwari confirmed receiving the complaint and assured that necessary measures would follow after investigation.

Indian Prime Minister Narendra Modi met Italian Prime Minister Giorgia Meloni in Rome, where he humorously gifted her a packet of 'Melody' chocolate-caramel toffees made by Parle Products. Following Meloni’s sharing of the gift video on social media, the clip quickly went viral, sparking a wave of online memes combining their names as 'Melody'.

Within minutes of the video’s circulation, investors on Dalal Street began searching for 'Parle' on the Bombay Stock Exchange and rushed to buy its shares. However, they mistakenly purchased shares of Parle Industries, a company unrelated to Parle Products, which actually manufactures Melody toffees but is not publicly listed. Parle Industries operates in infrastructure, housing, paper, and recycling sectors.

Despite a broader market downturn due to global concerns over the Iran war, Parle Industries’ share price rose by 5 percent within an hour of the video’s release, climbing from 4.95 to 5.25 rupees. The company’s stock, which had fallen 68 percent over the past year, briefly rebounded thanks to the viral diplomatic moment.